2025.02.10
In December 2024, after multiple rounds of negotiations, China Development Bank entered into a one-year USD 100 million financing agreement with CGNPC Huasheng Investment Limited (the "Borrower") to provide a refinancing loan intended to support general working capital purposes.
The loan will help to maintain CGNPC’s stable arrangements in overseas resource allocation, capital operations, asset integration and financial connections and is intended to support the Borrower's operations in the nuclear energy field. The loan may also contribute to project finance initiatives, such as meeting working capital needs or developing new nuclear power projects. This was a large transaction involving multiple rounds of negotiations. The transaction was unique as the proceeds will be used as the working capital of the nuclear company and to develop new nuclear power projects.
JunHe’s Hong Kong team acted as the Hong Kong legal counsel to China Development Bank. They participated in the review, negotiation and amendment of the finance documents, assisted with the closing, and provided advice on issues related to Hong Kong laws. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s Hong Kong team was recognized by the client.
JunHe partner Lee, Alex Jao Jang was responsible for the Hong Kong law-related matters, and partner XIE, Jiahao provided great assistance and support.
